Alba Mineral Resources plc (LSE:ALBA) has announced that its investee company, GreenRoc Strategic Materials Plc, has obtained a EUR 5.2 million loan facility from Export and Investment Fund of Denmark. The funding will support the advancement of the Amitsoq Graphite Mine in Greenland and the development of a European pilot plant dedicated to producing active anode material.
This marks a major milestone for GreenRoc since its IPO in 2021 and is expected to strengthen its graphite processing capabilities, ultimately enhancing shareholder value for Alba and its other stakeholders.
More about Alba Mineral Resources
Alba Mineral Resources plc is focused on exploring and developing gold and critical raw materials. Its portfolio includes projects in Wales, as well as investments in graphite and oil ventures located in Greenland and England. Alba currently holds a 25.78% stake in GreenRoc Strategic Materials Plc, which specializes in producing graphite for use in anode materials — a critical component in the battery supply chain.
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